Ridge Line Energy Limited IPO Allotment Concludes: Lucky 1,18,026 Applicants Allotted 10 Units Each via Lottery System
Thu, Feb 26, 2026 10:18 AM on IPO/FPO News, IPO/FPO Result News, Highlight News,
Ridge Line Energy Limited's IPO allotment was concluded today at the premises of the issue manager, Prabhu Capital Limited, Hattisar, Kathmandu.
The company had issued 11,80,2601 units as an Initial Public Offering (IPO) to the general public from (28th Magh, 2082 to 4th Falgun, 2082).
The issued capital of the company is Rs. 1.18 Arba. Of this, 22%, i.e., 26,07,000 unit shares, was issued to the public. Out of the total issue capital, 10%, which amounts to 11,85,000 unit shares worth Rs. 11.85 Crores, were already allotted to the project-affected locals of Gorkha and Lamjung districts. Of this general public issue, 10% of 14,22,000, a total of 1,42,200 unit shares, were already allotted to the Nepalese citizens working abroad. Of the general public issue, 2%, i.e., 28,440 units, were set aside for the company's employees, and 5% of the total offered shares, i.e., 71,100 units, have been reserved for mutual funds. The remaining 11,80,260 units were issued for the general public.
The issue received a total of 25,37,301 valid applications for 2,71,32,230 units. Meanwhile, 40,518 applications for 4,67,090 units were disqualified.
As per the allotment results, 1,18,026 applicants were allotted 10 units each through a lottery system.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Prabhu Capital Limited.
CARE Ratings Nepal Limited (CRNL) has upgraded Ridge Line Energy Limited’s issuer rating to CARE-NP BB (Is) from CARE-NP BB- (Is), indicating a moderate risk of default. Similarly, the rating for the company’s long-term bank facilities has also been upgraded to CARE-NP BB from CARE-NP BB-.
Ridge Line Energy Limited (RIDGE), incorporated on December 28, 2017, as a public limited company, has been established by individual promoters to develop the 9.05 MW Super Chepe Hydropower Project (SCHP). The project is being executed under the “BOOT” (Build, Own, Operate and Transfer) model and is situated in Ajirkot Rural Municipality of Gorkha District, Nepalhar Rural Municipality, Lampung district of Nepal. The central office of the company is located at Old Baneswor, Kathmandu.
